The role of Bitcoin and its impact

1. Inflation can destroy gold and fiat currency, Bitcoin has no inflation, a total of 21 million, 1BTC = 1 BTC, the number of bitcoins is mathematically correct, guaranteed by Bitcoin's underlying protocol and proof-of-work.
2. Difficult to confiscate, cryptography-based private keys are the most powerful property rights in human history, and the most difficult property you really own is Bitcoin. Fiat currency, real estate, gold, and land all have counterparties and are easy to be confiscated, and real estate and land are also easy to be taxed. Stocks, bonds and other securities are derivatives of fiat currency, which will be affected by fiat currency inflation, have counterparties, and are easy to be frozen. Technically, Bitcoin is the hardest asset to be taxed, the hardest to destroy, the hardest to seize, and the hardest to devalue.
3. Property rights are an exclusive relationship between the owner of an asset and an asset, and historically there has been a need for the government as a third party to certify and protect property rights. Bitcoin is a self-protecting property right that does not need to be enforced by the government and is independent of the government.
4. Bitcoin can change the economic logic of violence, start a war between countries, you can take away the land, gold, factories of the other country, but it is difficult for you to rob the other party's Bitcoin, which leaves the two sides a chance to negotiate. You can use Bitcoin-based multisig to make a will, and the heirs of the assets dare not do anything with you.
5. Efficient title certification, if you buy a property or a piece of land, you need to spend a while to do the title certification to confirm the legitimacy of the property transfer to your name. However, Bitcoin uses cryptography to solve the problem of authentication, and the person who holds the private key is the holder of Bitcoin, and the authentication speed is very fast.
6. Ability to move quickly across political jurisdictions, you can transfer $1,000,000 worth of BTC to another address anywhere in the world where there is network access, regardless of the political jurisdiction. If you want to transfer $1 million in fiat currency to certain political jurisdictions, it is very difficult to use a bank as a counterparty. If you want to transfer $1 million worth of gold, it's harder and almost impossible in many political jurisdictions.